§ 8-8.211. Bond Anticipation Notes.

In anticipation of the sale of bonds authorized by this chapter, the City is hereby authorized to issue bond anticipation notes, and to renew the same from time to time, in such series and amounts as are determined by the Council to be necessary or appropriate for the costs of the enterprise approved by the Council. Such notes or commercial paper shall be payable from revenues or other moneys or assets authorized by this chapter to be pledged to secure payment of bonds, and which are not otherwise pledged, or from the proceeds or sale of the particular bonds in anticipation of which they are issued. Such notes shall be issued in the same manner as bonds or as otherwise provided by resolution of the City Council.

(Added by Ord. 3069-C.S., § 1, effective 12-4-97)